North Michigan Avenue storefronts still bring in some of the highest rents in North America, with new deals averaging $550 per square foot even amid volatile times for retailers.
Magnificent Mile annual retail rents remained unchanged from 2016,...

Every year before Starbucks unveils its new holiday cup, the exact design is a mystery, but customers can almost always assume the foundation to be firetruck red. This wasn't always the case - when the first-ever holiday cup debuted in 1997, it was...

Starbucks is known for its high-quality coffee, and now the chain has food to match. November 7 marks the opening of Princi, Starbucks' new Italian bakery-cafe at the Reserve Roastery in Seattle. It's the brainchild of acclaimed artisan...

Starbucks chairman Howard Schultz says the events surrounding a white nationalist rally in Charlottesville, Virginia, last weekend have put the "moral fiber" of the country in question.
Schultz said at an employee forum in Seattle on Tuesday that he...

America’s top business executives may have bristled over President Trump's ban on refugees, his withdrawal from the Paris climate accord and his decision to bar transgender Americans from the military.
But it wasn’t until the embattled president all...

Jeff Brotman, who co-founded retail giant Costco and was the chairman of its board of directors, has died at his home outside Seattle.
Costco Wholesale Corp. said Brotman died early Tuesday at 74. The cause of death was immediately known.
Brotman...

Muslim groups in Malaysia and Indonesia have called for a boycott of Starbucks because of the coffee chain's support for LGBT rights.
Malaysian group Perkasa, which supports a hard-line form of Islam and nationalism, this week called on its more than...

What do Facebook's Mark Zuckerberg, former presidential candidate Hillary Clinton and actor Robert DeNiro have in common?
Each of them generated a fair amount of notoriety recently for their commencement speeches to various assemblages of the Class of...

Starbucks plans to open a four-level Roastery flagship on Michigan Avenue, its largest space yet for the high-end concept that the coffee giant is rolling out around the world.
Executive Chairman Howard Schultz said the company plans to bring its...

Starbucks is ready to bring its sprawling Roastery store concept, which the company calls "coffee as theater," to Chicago's Magnificent Mile.
The coffee giant is negotiating a potential deal to move into the four-story, approximately 35,000-square-foot...

Starbucks on Wednesday unveiled a new lunch menu featuring healthier sandwiches and salads that it plans to debut in Chicago on April 11.
The menu, called "Mercato," initially will launch in about 100 stores in the city, but Starbucks said it expects...

Corporate America generally prefers to stay quiet about partisan politics. Pick one side of a hot-button issue, the thinking goes, and you'll risk losing customers on the other side.
But like so many norms before it, President Trump has turned this one...

Starbucks, looking to the future as its longtime CEO moves to other projects, plans to open 12,000 new locations within five years to boost its number of coffee shops worldwide by almost 50 percent.
The Seattle-based chain is also adding more food to its...

Starbucks Chairman Howard Schultz is stepping down as CEO of the coffee chain he joined more than 30 years ago and transformed into a globally known brand.
Schultz will become executive chairman in April to focus on innovation such as high-end shops...

Instead of looking to its creative team, Starbucks turned to its latte-sipping customers to design its latest holiday red cups.
The company asked people to post their designs on Instagram last December, and 1,200 ideas came in from customers who've...

One week before Election Day, Starbucks has unveiled a new cup in the U.S. that it says is meant to be "a symbol of unity."
The green cup features a mosaic of more than 100 people, including a coffee farmer and barista.
Starbucks CEO Howard Schultz...

Starbucks is raising its sights in China and aims to have 5,000 stores by 2021 in a market that Chairman and CEO Howard Schultz says “will be larger than the U.S. over time.”
“There’s no doubt at some point China will exceed the U.S.,” Schultz said in an...

Starbucks wants to tell stories about inspiring Americans, marking the coffee chain's latest push to deepen its relationship with customers and cast itself as a positive force on social issues.
The coffee chain says it is moving into the world of...

For millions of Americans, a reminder of the economic damage of the Great Recession has arrived every week or two for years — in their paychecks.
Painfully slow wage growth has plagued the recovery, with many workers seeing few if any raises as they...